NVR, Inc. $NVR Stock: Aware Super Pty Ltd as trustee of Aware Super Trims Holdings

Key Points

• Aware Super cut its NVR stake by 54.5% in the third quarter, selling 1,227 shares and ending the period with 1,025 shares valued at $6.31 million.
• NVR missed quarterly estimates, reporting EPS of $89.45 versus $102.77 expected and revenue of $2.42 billion versus $2.57 billion expected; revenue fell 8.2% year over year.
• Analyst sentiment was mixed, with a MarketBeat consensus rating of “Reduce” and an average price target of $6,564.83.

Aware Super Pty Ltd as trustee of Aware Super decreased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 54.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,025 shares of the construction company's stock after selling 1,227 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in NVR were worth $6,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH boosted its stake in shares of NVR by 3.1% in the first quarter. Keybank National Association OH now owns 66 shares of the construction company's stock valued at $435,000 after buying an additional 2 shares in the last quarter. International Assets Investment Management LLC raised its position in NVR by 3.8% in the first quarter. International Assets Investment Management LLC now owns 55 shares of the construction company's stock worth $367,000 after acquiring an additional 2 shares in the last quarter. Parallel Advisors LLC raised its position in NVR by 3.7% in the first quarter. Parallel Advisors LLC now owns 56 shares of the construction company's stock worth $369,000 after acquiring an additional 2 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in NVR by 1.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 203 shares of the construction company's stock valued at $1,383,000 after acquiring an additional 2 shares during the period. Finally, Nissay Asset Management Corp Japan boosted its position in shares of NVR by 0.6% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 364 shares of the construction company's stock worth $2,480,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Performance

NYSE:NVR opened at $6,033.06 on Wednesday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $6,109.73 and a two-hundred day moving average price of $6,542.55. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,200.00. The company has a market capitalization of $16.05 billion, a P/E ratio of 16.63 and a beta of 0.93.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.23%. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the company earned $112.33 EPS. The firm's revenue for the quarter was down 8.2% on a year-over-year basis. As a group, research analysts expect that NVR, Inc. will post 350.65 earnings per share for the current fiscal year.

Insider Transactions at NVR

In related news, Director George Oliver bought 63 shares of NVR stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director owned 63 shares in the company, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVR. BTIG Research reiterated a "buy" rating on shares of NVR in a report on Friday, October 23rd. Bank of America downgraded shares of NVR from a "buy" rating to an "underperform" rating and set a $5,900.00 price objective on the stock. in a report on Friday, October 23rd. Weiss Ratings upgraded shares of NVR from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, October 19th. Zacks Research cut shares of NVR from a "hold" rating to a "strong sell" rating in a report on Monday, September 21st. Finally, Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $6,564.83.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company's homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.

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